The Channel Islands' Co-operative Society is a long-established consumer co-operative with stores in the Channel Islands. Its head office is located in Saint Helier in Jersey.
In the year ending 13 January 2019, Channel Islands Co-op recorded sales of £183.6 million (£174.5 million 2017–18) and a profit after tax of £940,000 (£745,000 2017–18). The Society was able to pay its members a 4% dividend (4% 2017–18) as a share of profits, with the total reported member benefits amounting to £7.97 million, inclusive of Dividend, Dividend stamps, travel vouchers and share interest. The Society had a £5.8 million (£6.8 million 2017–18) pension deficit. Society membership was 128,350 in 2019, slightly up on the 126,751 figure in 2018.[2]
History
The Jersey Co-operative Society was formed in 1919 and the Guernsey Co-operative Society followed in 1947. Both predecessors were supported by a CWS supervisory committee, which meant their accounts were liable to UK taxation. Growing objection to this persuaded the CWS to propose a merger which led to the incorporation of the Channel Islands' Society in 1955.[3]
In August 2013, it was announced that the company's two Channel Island Homemaker warehouses would be closed, and replaced with a single warehouse in the UK.